Company News for January 10, 2011 - Corporate Summary

• DuPont DD reported plans to purchase Danish firm Danisco for $5.8 billion in cash, which is expected to cut 2011 earnings of $3.30-$3.60 by a range of $0.30-$0.45 per share

• Playboy Enterprises PLA is reportedly going private at $6.15 per share

• Duke Energy DUK announced plans to buy Progress Energy PGN for $13.7 billion, or $46.48 per share

• UBS UBS upgraded General Electric GE from "neutral" to "buy" rating, increasing the target price from $19 to $23

• Goldman Sachs GS upgraded Target TGT from "neutral" to "buy" rating with a target price $62. The firm downgraded Wal-Mart WMT from "buy" to "neutral" rating  with target price of  $60 per share

• Morgan Stanley MS upgraded Advanced Micro Devices AMD from "underweight" to "equalweight"

• Goldman Sachs GS upgraded Parker-Hannifin PH from "neutral" to "buy" rating and raised the target price from $92 to $105

 
ADV MICRO DEV (AMD): Free Stock Analysis Report
 
DU PONT (EI) DE (DD): Free Stock Analysis Report
 
DUKE ENERGY CP (DUK): Free Stock Analysis Report
 
GENL ELECTRIC (GE): Free Stock Analysis Report
 
GOLDMAN SACHS (GS): Free Stock Analysis Report
 
MORGAN STANLEY (MS): Free Stock Analysis Report
 
PROGRESS ENERGY (PGN): Free Stock Analysis Report
 
PARKER HANNIFIN (PH): Free Stock Analysis Report
 
PLAYBOY ENTRP-B (PLA): Free Stock Analysis Report
 
TARGET CORP (TGT): Free Stock Analysis Report
 
UBS AG (UBS): Free Stock Analysis Report
 
WAL-MART STORES (WMT): Free Stock Analysis Report
 
Zacks Investment Research